As Occidental Pete (OXY) Market Valuation Declined, Meyer Handelman Co Has Cut Stake by $1.13 Million; California State Teachers Retirement System Trimmed Holding in Armstrong World Industries (AWI) by $385,407 as Valuation Rose

February 4, 2018 - By Louis Casey

Meyer Handelman Co decreased its stake in Occidental Pete Corp (OXY) by 10.08% based on its latest 2017Q3 regulatory filing with the SEC. Meyer Handelman Co sold 17,600 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 157,000 shares of the oil & gas production company at the end of 2017Q3, valued at $10.08 million, down from 174,600 at the end of the previous reported quarter. Meyer Handelman Co who had been investing in Occidental Pete Corp for a number of months, seems to be less bullish one the $56.31 billion market cap company. The stock decreased 3.31% or $2.52 during the last trading session, reaching $73.58. About 5.51 million shares traded or 42.85% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since February 4, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

California State Teachers Retirement System decreased its stake in Armstrong World Industries (AWI) by 9.62% based on its latest 2017Q3 regulatory filing with the SEC. California State Teachers Retirement System sold 7,557 shares as the company’s stock rose 5.82% with the market. The institutional investor held 70,995 shares of the plastic products company at the end of 2017Q3, valued at $3.64 million, down from 78,552 at the end of the previous reported quarter. California State Teachers Retirement System who had been investing in Armstrong World Industries for a number of months, seems to be less bullish one the $3.32 billion market cap company. The stock decreased 0.79% or $0.5 during the last trading session, reaching $62.85. About 409,288 shares traded. Armstrong World Industries, Inc. (NYSE:AWI) has risen 6.90% since February 4, 2017 and is uptrending. It has underperformed by 9.80% the S&P500.

Analysts await Armstrong World Industries, Inc. (NYSE:AWI) to report earnings on February, 26. They expect $0.66 earnings per share, up 46.67% or $0.21 from last year’s $0.45 per share. AWI’s profit will be $34.91M for 23.81 P/E if the $0.66 EPS becomes a reality. After $0.86 actual earnings per share reported by Armstrong World Industries, Inc. for the previous quarter, Wall Street now forecasts -23.26% negative EPS growth.

California State Teachers Retirement System, which manages about $45.16 billion US Long portfolio, upped its stake in Arch Capital Group Ltd (NASDAQ:ACGL) by 3,156 shares to 218,755 shares, valued at $21.55M in 2017Q3, according to the filing. It also increased its holding in Hyatt Hotels Corp Cl A (NYSE:H) by 15,492 shares in the quarter, for a total of 77,477 shares, and has risen its stake in Oneok Inc (NYSE:OKE).

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.07, from 1.05 in 2017Q2. It improved, as 12 investors sold AWI shares while 55 reduced holdings. 21 funds opened positions while 54 raised stakes. 56.84 million shares or 3.27% less from 58.76 million shares in 2017Q2 were reported. 13D Management Limited Liability reported 222,752 shares stake. Icon Advisers accumulated 0.03% or 8,900 shares. National Bank & Trust Of Montreal Can reported 2,754 shares stake. Alliancebernstein Limited Partnership stated it has 24,055 shares or 0% of all its holdings. Ubs Asset Americas reported 43,758 shares. Pacad Investment Ltd, British Columbia – Canada-based fund reported 602 shares. Frontier Mngmt Co Ltd Co reported 251,502 shares. Dean Capital Management holds 1.04% in Armstrong World Industries, Inc. (NYSE:AWI) or 43,345 shares. Northern holds 0% or 297,873 shares in its portfolio. Moreover, Teachers Retirement Of The State Of Kentucky has 0.02% invested in Armstrong World Industries, Inc. (NYSE:AWI). Blackrock reported 1.91M shares. Mrj Capital Inc invested 0.39% of its portfolio in Armstrong World Industries, Inc. (NYSE:AWI). Art Advsr Limited Liability Com accumulated 0.05% or 20,832 shares. Royal Natl Bank Of Canada holds 5,762 shares. Loomis Sayles Com LP accumulated 457,409 shares.

Among 16 analysts covering Armstrong World Industries (NYSE:AWI), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Armstrong World Industries had 33 analyst reports since July 31, 2015 according to SRatingsIntel. Piper Jaffray reinitiated Armstrong World Industries, Inc. (NYSE:AWI) on Monday, May 16 with “Neutral” rating. The stock of Armstrong World Industries, Inc. (NYSE:AWI) has “Hold” rating given on Tuesday, November 1 by Zelman. KeyBanc Capital Markets downgraded Armstrong World Industries, Inc. (NYSE:AWI) on Thursday, January 5 to “Sector Weight” rating. The stock has “Hold” rating by Jefferies on Tuesday, December 12. The rating was maintained by JP Morgan on Monday, May 16 with “Neutral”. The firm has “Buy” rating given on Friday, October 27 by SunTrust. RBC Capital Markets maintained it with “Hold” rating and $55.0 target in Tuesday, November 14 report. RBC Capital Markets maintained the shares of AWI in report on Thursday, June 15 with “Hold” rating. On Wednesday, November 22 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Friday, September 23, the company rating was initiated by Bank of America.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.06, from 0.95 in 2017Q2. It turned negative, as 59 investors sold OXY shares while 338 reduced holdings. 89 funds opened positions while 264 raised stakes. 602.00 million shares or 0.86% less from 607.21 million shares in 2017Q2 were reported. Assetmark reported 0% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). 298 were accumulated by Willingdon Wealth Mgmt. 15,886 were accumulated by Naples Ltd Liability Com. Quadrant Capital Mgmt Lc has invested 0.3% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Huntington National Bank & Trust owns 110,285 shares for 0.12% of their portfolio. Tiedemann Wealth Ltd, New York-based fund reported 21,952 shares. Hawkins Capital Limited Partnership owns 128,280 shares. Pinnacle holds 0.02% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 19,434 shares. Eagleclaw Capital Managment Ltd Llc owns 0.17% invested in Occidental Petroleum Corporation (NYSE:OXY) for 4,784 shares. Burns J W Ny reported 18,954 shares. Hyman Charles D reported 15,360 shares stake. Everett Harris Ca holds 0.02% in Occidental Petroleum Corporation (NYSE:OXY) or 9,951 shares. Aviva Public Ltd reported 588,353 shares. Vanguard Group Incorporated invested in 56.54 million shares or 0.17% of the stock. Tower Research Cap Llc (Trc) reported 4,207 shares.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Occidental Petroleum Corporation had 83 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Sell” rating and $50 target in Friday, April 21 report. Mizuho maintained Occidental Petroleum Corporation (NYSE:OXY) on Tuesday, November 21 with “Hold” rating. As per Thursday, December 17, the company rating was downgraded by Iberia Capital Partners. The rating was maintained by Cowen & Co on Thursday, January 18 with “Buy”. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Neutral” rating given on Monday, May 9 by JP Morgan. Cowen & Co maintained Occidental Petroleum Corporation (NYSE:OXY) on Sunday, August 20 with “Buy” rating. The company was downgraded on Thursday, January 4 by Bank of America. The stock has “Hold” rating by Mizuho on Tuesday, January 16. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, September 2 report. The rating was upgraded by Bank of America to “Buy” on Wednesday, March 15.

Meyer Handelman Co, which manages about $1.97B and $2.19B US Long portfolio, upped its stake in At & T Inc (NYSE:T) by 16,750 shares to 210,127 shares, valued at $8.23 million in 2017Q3, according to the filing. It also increased its holding in Bunge Limited (NYSE:BG) by 6,000 shares in the quarter, for a total of 12,400 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on February, 8. They expect $0.30 EPS, up 330.77% or $0.43 from last year’s $-0.13 per share. OXY’s profit will be $229.57M for 61.32 P/E if the $0.30 EPS becomes a reality. After $0.18 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 66.67% EPS growth.